A-Share Screen Combining Turnover, the 10-Day Average, and Profit Growth

Summary

This stock-selection method combines trading activity, price position, and earnings growth. It screens for shares with turnover between 3% and 12%, an opening price within 5% of the 10-day moving average, and year-over-year growth in net profit attributable to parent-company shareholders above 20% and no greater than 100%. The post offers formula and Python examples for expressing the filters, but it reports no backtest or measured returns.

The author frames turnover as a measure of market activity, the opening-price condition as a technical filter, and profit growth as a basic fundamental criterion. The stated limitation is that financial indicators may not adapt quickly to changing market conditions. Suggested refinements include examining broader company finances and industry trends, and adapting screening criteria to different market phases. The rules alone do not assess valuation, earnings quality, transaction costs, or portfolio risk, so the note presents a screening recipe rather than evidence of a profitable strategy.

Key ideas

• The screen uses turnover between 3% and 12% as an activity filter.
• The opening price must lie within 5% of the 10-day average closing price.
• Net profit attributable to parent-company shareholders must have year-over-year growth above 20% and at most 100%.
• The post combines technical and fundamental criteria but offers no backtest results.
• It suggests expanding company and industry analysis and adapting filters to market conditions.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.